Edison Report, page-4

The companies will most likely merge in my opinion, just waiting for all the ducks to line up! Management, contractors etc etc can then all be streamlined (reduced) etc. etc. Or perhaps todd t/o. Maybe the new company would then let the (large chinese steel mill) buy into the show! Or perhaps sell the whole kit and kaboodle as a going concern. Lots of possible scenarios could unfold here. Personally, i dont think io price is as relevant here (to a degree) as the strategic attractiveness is to the Chinese! They have quiet clearly stated that they do not wish to deal wholly and solely with the majors! A nice little footprint in the pilbara (as compared to their high cost lowgrade ore bodies at home) would be very attractive to them indeed! Sooner or later, as approvals etc gather momentum, investors will start to realise that this stock at this price is still well under valued! Just buckle in and enjoy the ride Imagine being on a sales team offering over a billion plus tonnes of top quality ore with port and rail infrastructure at the worlds most competitive prices for seabourne iron ore!